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Commodities

Euro Stocks Rise as Oil Prices Ease Amid Middle East Tensions

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Oil
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European shares rose on Friday as easing oil prices supported risk appetite.

The STOXX 600 was on track for its first weekly gain after three consecutive weeks of losses.

Oil prices retreated amid hopes of a truce between the United States and Iran, alongside continued tensions in the Middle East.

Investors remained cautious over developments in the region, including the bombing of Saudi Arabia by Houthi rebels.

Airlines gained as fuel costs eased, with Ryanair and Lufthansa each rising more than 2%.

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